The Fair Share Report
318 Farview Ave
Paramus, NJ 07652
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $747,249 – $877,238, from 12 comparable Paramus sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Paramus assessments sit below market value — republished every October, applied town-wide. A $843,311 home should be assessed near $786,809.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $431,509 below what the ratio math suggests (54.8%).
Step 4 · The tax rate — same for every Paramus home
$0.709 Schools · 47% $0.241 County · 16% $0.549 Town · 37%
This home's own bill implies $1.387 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
35%114%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 199 REID WAY | 2025-02 | $650,000 | 1,531 | 106.8% |
| 598 FALMOUTH AVE | 2025-02 | $750,000 | 1,528 | 112.1% |
| 247 GORDEN DRIVE | 2025-04 | $815,000 | 1,508 | 122.3% |
| 105 CIRCLE DRIVE | 2026-04 | $890,000 | 1,562 | 82.9% |
| 165 HEBBERD AVENUE | 2026-02 | $695,000 | 1,492 | 95.7% |
| 190 DENVER RD | 2025-05 | $830,000 | 1,488 | 102.2% |
| 715 BUSH PLACE | 2026-03 | $775,000 | 1,512 | 91.9% |
| 76 CRAIN ROAD | 2025-05 | $920,000 | 1,512 | 80.0% |
| 739 BOYD RD | 2025-03 | $840,000 | 1,522 | 248.2% |
| 817 ALDEN ROAD | 2025-05 | $855,000 | 1,560 | 83.8% |
| 223 DIANE PLACE | 2026-01 | $925,000 | 1,582 | 70.5% |
| E 214 WILSEY COURT | 2025-06 | $951,000 | 1,524 | 84.3% |
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